Common use of Time Vesting Options Clause in Contracts

Time Vesting Options. 25% of the Time Vesting Options shall become Vested Options on December 31, 2001, an additional 25% shall become vested on each of the three anniversaries of December 31, 2001 if the Executive is employed by the Company on each of such dates.

Time Vesting Options. 25% of the Time Vesting Options shall become Vested Options on December 31, 20012000, an additional 25% shall become vested on each of the three anniversaries of December 31, 2001 2000 if the Executive is employed by the Company on each of such dates.